Citigroup is set to arrange a $1 billion US-backed debt swap for Kenya
Bloomberg reports, citing people with knowledge of the agreement, that the swap would help Kenya refinance existing debt on more favorable terms and channel savings into food support programs.
TLDR
Bloomberg reports, citing people with knowledge of the agreement, that Citigroup is set to arrange a $1 billion US-backed debt swap for Kenya. The planned deal would help the country refinance existing debt on more favorable terms and channel savings into food support programs.
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